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Block cheap Chinese auto imports, say US makers
Warn imports can threaten viability of American car companies
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Ford halts shipments of new Lightning EVs
Plans to ramp up shipments after thorough quality checks
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New govt hopes spur stock market
KSE-100 index soars 2,943 points, or 4.9% WoW, closes at 62,816
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Business leaders urge deferral of ALR
Call for phased approach as abrupt enforcement raises concerns over trade, inflation
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Refineries to enjoy 10% tariff protection
Amended policy guarantees 7-year protection for refineries upgrading plants
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‘Fixing current account key to GDP growth’
LSE report highlights urgent need for structural reforms, less dependency on imports, loans
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SBP eases rules for exporters
Allows utilisation of proceeds kept abroad without central bank’s prior approval
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FBR to bring stone crushing within tax net
Vows to enforce tax and prevent tax evasion from this sector
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Dues to Chinese IPPs hit record $1.8b
Outstanding dues up by 77% in seven months, complicating ties with Beijing
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‘Agriculture key to addressing woes’
SBP deputy governor announces central bank’s new project to support small farmers
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Rupee falls after dip in reserves
Stands at Rs279.36 to a dollar in inter-bank market
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Inflation spikes on food, energy costs
Tomato and diesel prices surge leading to 0.04% rise in SPI
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Oil prices dip as Fed hints at delayed rate cuts
Indications of healthy fuel demand, supply concerns could revive prices
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Stocks soar over easing of political noise
KSE-100 index climbs 901.48 points, settles at 62,815.82
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Saudi Arabia positions itself as AI hub
PIF governor highlights kingdom’s potential outside of the US
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Cotton yarn exports to China surge 47%
Pakistan exported yarn worth $696 million in 2023
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Businessmen fear hefty job losses
Cost of doing business becomes unbearable due to high energy tariffs
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Govt gets only $9.2b in foreign loans
Borrowing made for budget and balance of payments support, project financing
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Sazgar-GWM launch ORA 3 EV in Pakistan
Partnership targets sustainable transportation solutions amid global oil price hikes
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IT sector aims for $15 billion export boost
Caretaker minister unveils roadmap, initiatives to drive innovation and economic growth
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Border challenges stall Pakistan-Afghanistan trade
Efforts to boost bilateral commerce hampered by operational and political barriers
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Bulls keep control as stocks extend rally
KSE-100 index gains 355.19 points, settles at 61,914.34
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Rupee gains on optimism for IMF loan tranche
Forex reserves drop by $44m to $8.01b on debt repayment
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PBF calls for political finance minister
Says technocrat would struggle with IMF, conflict of interest and inflation crises
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Pakistan eyes $20b in trade with Saudi Arabia
Inks agreement to export skilled workforce to kingdom’s construction sector
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Austerity measures reintroduced
PM bans creating new positions, making any major purchases amid economic strain
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Karachi business leaders urge Safe City project
Highlight importance of enhanced security measures to attract investment, restore confidence
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Businessmen seek changes to Af-Pak Transit Trade Agreement
Urges amendments to APTTA 2010 for better trade relations
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PSX soars as political gridlock breaks
KSE-100 index soars over 1000 points, settles at 61,559.15
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Rupee rises amid political stability
Regains Rs0.07, reaches Rs279.50/$ at interbank market
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PAAPAM decries proposed sales tax hike
Says increases from 18% to 25% could escalate car prices to over Rs4 million
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Edible oil, sugar imports drop
Exports increased 7.89%, imports declined 14.11% during July-January (2023-24)
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Ineligible hiring at Exim bank
Officials say incumbent CEO did not meet eligibility criteria at time of appointment
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Balanced pharma regulations sought
Punjab governor says strict regulations carry risk of companies departing
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Govt restructures gas priority for industrial growth
Residents, industries share first spot, power and fertiliser sectors in second category
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Foreign bonds outperform peers
Rally as political deadlock ends; govt cuts profits on local saving products
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Rupee falls to 3-week low against dollar
RDA inflows fall to $142m in Jan 2024, compared to $160m in Dec 2023
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FBR collection surges to Rs5.150 trillion
Reports 30% growth amid strong taxation drive, anti-smuggling efforts
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Budget deficit increases to Rs8.54tr
Cuts external loan estimates by over $6 billion to $11.4 billion
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Power Division claims circular debt frozen at Rs2.310tr
Says efficiency measures, anti-theft drive resulted in meeting IMF target
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Power generation drops 2.4% in Jan amid rising fuel costs
Cost of production surged by 23% due to increased reliance on expensive fuels
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PSX slips despite strong opening
KSE-100 index adds 4.50 points, settles at 60,464.24
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Chinese water-saving facilities delivered
Advanced equipment to be used on 2,000ha in smart farm project
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Experts warn of impending food crisis
Highlight risks of climate change at Pak-Korea nutrition conference
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Azerbaijan eyes more energy partnerships
Says trade turnover increased ten folds in last two years on increased flights
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PM highlights rich natural resources
Says decision of US-based firm to invest $200m was vote of confidence in policies
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Work on IP pipeline to begin in Pakistan
Despite US sanctions, Islamabad accelerates project to avoid $18b penalty
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PML-N choices for finance minister limited
Dar, two bankers’ names float about as options remain few
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CAD at 6-month high as outflows rise
Increase in imports, outflow of FDI by $173m takes deficit to $269m in Jan 2024
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IT exports dip 12.4% to $265m
Year-on-year exports see increase of 39.47% from $190m in January 2023